Safran (OTCMKTS:SAFRY) Rating Increased to Strong-Buy at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Safran (OTCMKTS:SAFRY) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on SAFRY. Zacks Research cut Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Citigroup reissued a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Safran Stock Up 2.2%

SAFRY opened at $83.83 on Tuesday. The company’s 50 day simple moving average is $91.30 and its two-hundred day simple moving average is $89.02. Safran has a 1-year low of $54.57 and a 1-year high of $106.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.